What is Investment Banking?
- Raise capital (Equity Capital Markets/Debt Capital Markets) through various products
- Advise companies on financing, M&A, A&D and restructuring
- “Sell-side”
- Investment Banking Activities
- IBD
- Equity Research
- Sales
- Trading
Lifestyle
What will I do as an investment banker?
- 80 - 100 hour work weeks (including weekends and some holidays)
- $$$
- Make Excel your best friend
- Lots of exit opportunities and room for professional growth
- Industry
- Hedge Fund
- Private Equity
- Endowments
- Business School
Layout of the Industry
Bulge Brackets
large, globally recognized, lending capabilities, full range of services
Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America, Credit Suisse, Citi, Deutsche Bank, UBS
Middle-Market
regional and smaller sized deals
Piper Jaffray, Jefferies, Houlihan Lokey
Elite Boutiques / Advisory
fewer capabilities but great reprutation
Evercore, VR, Lazard, Greenhill, Moelis
Industry vs. Product Groups
Industry Groups
A subset of global marketplace on which a specific office focuses
Healthcare, Tech, Energy, Consumer Retail, etc.
Houston -> Energy (Upstream, Midstream, Downstream, OFS)
Product Groups
What type of deals on which you will work
Mergers & Acquisitions (M&A), Acquisitions & Divestures (A&D), Restructuring, Leveraged Finance
Firms Recruiting at Rice
Recruiting
What can I expect from Investment Banking recruiting?
Late February - Early March
Information Sessions
Dress Code: Business Formal
Try to leave an impression, talk to enough people, get business cards, send follow up emails
Late March
Coffee Chats/Contact Bankers
Dress Code: Business Casual
Use this as an opportunity to get a good understanding of culture, send a follow up email
April
Interviews
Dress Code: Business Formal
First Round Interviews: 25-30 minutes, Behavioral and Technical questions
Super Days: Several conversations with MDs, VPs, Associates, Analysts; be prepared for behavioral and technical; this an all day event